Now that we have your attention....
First, El Reg owes me no apology. In particular, as someone said above, this "actually has me thinking that The Register is a world-class journalistic publication." Cade deserves great credit. The fact that he took some time to connect these dots does not matter: the fact is, there are a dozen journalists who knew at least some of the dots, and none could see the picture emerge other than Cade. It matters little to me that as he did so, he kept a foot, and then a toe, in the camp of conventional thought: in the end, he was the guy who stepped out of it first. The tongue-in-cheek stuff of earlier El Reg articles were a small price to pay.
Second, in response to the people saying things like, "So I guess the Russian Mafia aren't involved anymore?" I respond, that's is just more non sequitur. There is nothing in here that says OC is not involved. In fact, here is a Forbes story from 20 months ago that El Reg readers should take a look at, and then see what dots they can connect for themselves:
http://www.forbes.com/home/free_forbes/2007/0212/064.html (Understand that the way PIPEs are gamed is through naked short selling, though Vardi treads lightly on explaining why.)
Third, if you want to get the true Big Picture, and understand how this all relates to today's headlines, and enter a $75,000 contest where the readers decide who wins the prizes, read
http://www.deepcapture.com/the-story-of-deep-capture-by-mark-mitchell/ . Warning: PG-13, and it is 69 pages of Thomas Pynchon meets John Grisham, and is a hell of a dense story to make sense of.
Four and finally, after three years of trying to get people to see the implications of what is going on, Iamzippy's quote made my day: "There's shit, and then there's heavy-duty shit. This article is awesome, and we've not heard the last." You got it. You got it. You got it.